General Motors, the largest U.S. carmaker, is planning to become the first to sell a bi-fuel-powered car that can run on either regular gasoline or compressed natural gas. CEO Dan Akerson will unveil GM's plans Tuesday afternoon at the Securing America's Future Energy Conference in Washington.
"A natgas-powered car is something we've been considering and working on for some time," said a source within General Motors. "We won't sell a ton of these cars at first, but it's a good start."
GM is not putting a price tag on the bi-fuel car, which goes on sale next summer. The automaker is projecting it will have a range of 150 miles using CNG and another 350 miles using gasoline. The driver will be able to switch between the two fuel tanks while driving.
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Akerson has long been a proponent of developing natgas-powered vehicles, and a few weeks ago GM said it plans to sell bi-fuel compressed natural gas versions of the 2015 Chevrolet Silverado and GMC Sierra pickups. While the automaker has yet to announce a price for those trucks, previous versions of CNG-powered pickups have gone for about $11,000 more than standard, gasoline-powered models.